In big good news to upwardly-mobile, salaried and self-employed men, private lender ICICI Bank has launched a new range of premium savings account in the name of ‘The ONE’. Through this account, ICICI Bank strives to offer a bouquet of benefits for the account holder’s family’s long-term financial needs namely – asset creation, wealth management, life-protection and investment. However, this new savings account is only available for Indian men.

Pranav Mishra, Head- Retail Liabilities Group, ICICI Bank said, “We are committed to offer unique and innovative product propositions to our customers with the highest level of convenience. Our research has identified different customer sub-segments who require different product propositions. In line with this earlier in this fiscal, we had introduced new savings account offerings for senior citizens, working women and families.”

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Mishra added, “Now we are launching, ‘The One’ a premium savings account exclusively for upwardly-mobile male customers. Our research shows, this customer segment aspires to provide the best lifestyle to his family as well as secure their future against uncertainties. This includes owning a house, car and providing quality education for children. Alongside these commitments, his investments and insurance requirements become critical components for his family’s financial security.”

Available in two variants, Magnum and Titanium, ‘The One’ offers protection to the account holder with the debit card as it recognises the requirement of enhanced protection to the account holder for the financial security of his family. Additionally, the customer can conveniently opt for health and term life insurance covers. It also provides a boost for asset creation of a home with an attractive waiver on processing fees on home loans.

Further, in a bid to enhance lifestyle based offerings, ‘The One’ also provides customers with a range of attractive offers. The key among those are Amazon Gift Card on specified debit card spends; using which they can join ‘Amazon Prime’. Account holders of the Titanium variant also get a complimentary one-year subscription of Zomato Gold.

Free NEFT/ RTGS for online channels such as internet banking and iMobile

Up to 40% discount on annual locker rentals

Insurance and protection benefits:

The advantage of opting for term and group health insurance plans at the time of account opening. The group health insurance plan offers a comprehensive cover including OPD, daycare and surgery. This plan offers the flexibility of monthly EMI option, a feature designed and available exclusively with the Bank.

Option of a term life insurance for 10 years with Rs. 50 lakh as sum assured; offers the unique dual feature of monthly pay-out for 10 years (in case of a claim) and payout increase by 10% each year.

Choice of Group Health Insurance with a comprehensive cover including OPD, day care, surgeries and more. This plan offers the flexibility of monthly EMI option, a feature designed and available exclusively with the Bank.

Cashless treatment at 3600+ partner hospitals.

Asset creation and investments:

Free brokerage up to Rs 22,500 on equity stock trading

Free opening of trading account

Waiver of the annual charge on demat account for the first year

50% waiver on processing fee for new home loans

No processing fee on balance transfer of existing home loan

Lifestyle and convenience:

Amazon Gift Card of Rs 999 on specified debit card spends, using which one can join Amazon Prime for a year